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that would help the government save almost $6 billion a year, according to one study, though it would also come at a cost. an average of $700 more in out-of-pocket costs for those seniors no longer eligible for medicare, not to mention additional health care costs for employers. and, diane, you talked about the political cold front here in washington, d.c. how frosty are things? well, house speaker john boehner did come to the white house last night for president obama's annual holiday party for members of congress, but he did not get in the receiving line to say hello to the president and get a picture taken with him as he has done in previous years and as dozens, if not hundreds, of members of congress did last night. diane? >> okay, jake tapper reporting from the white house tonight. >>> and now we head overseas. take a look at the size of this protest today in cairo, egypt, tahrir square, tens of thousands of protesters reeling from tear gas but determined to send a message to the world about their new duel over democracy, and here's abc's alex marquardt. >> reporter: they came by
that would help the government save almost $6 billion a year, according to one study, though it would also come at a cost. an average of $700 more in out-of-pocket costs for those seniors no longer eligible for medicare, not to mention additional health care costs for employers. and, diane, you talked about the political cold front here in washington, d.c. how frosty are things? well, house speaker john boehner did come to the white house last night for president obama's annual holiday party...
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john: not governments. >> nothing to do with government . and we actually agree about that i told you [laughter] john: un delighteded. how about the other issue. i am told there are food deserts' where poor people live and we have to invite supermarkets in, give them tax breaks or maybe pay for it because they cannot get fresh food. that is why they are fat. >> ever since, you know, that original ms. -- missed came out about the food doesn't we found out that by doing research it really was not true at all. and they actually do have the supermarkets. you still have a choice, and we are right back to where we go again. i want a ground surge of citizens out there who are highly enlightened about this too can finally get on out and do something for themselves. they are the ones with the choice here, and they need to be doing that for their families as well. john: voluntary. >> nutritionists. john: thank you. coming up, our taste test. to you prefer beef steak or zebra steak? our audience will weigh in. also, are you ready to eat some swine? [ap
john: not governments. >> nothing to do with government . and we actually agree about that i told you [laughter] john: un delighteded. how about the other issue. i am told there are food deserts' where poor people live and we have to invite supermarkets in, give them tax breaks or maybe pay for it because they cannot get fresh food. that is why they are fat. >> ever since, you know, that original ms. -- missed came out about the food doesn't we found out that by doing research it...
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democrats are professionals about big korbel government -- porkbarrel government. instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream mediahas been talkg about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely unrelated to the tea party movement. i left there because i had serious concerns about the ethical and moral behavior of the senior leadership. i don't particularly want to discuss that at length. i think you will be resolved. i am consoled by my certn knowledge that time will heal all wounds and this will be all sorted out. but it has nothing to do with with john boehner's misguided sense, his colleagues, all of who were elected as republicans on the republican ticket. or the notion that peole have been dreaming about since 2009, that the tea party will dry up. tea party activists are
democrats are professionals about big korbel government -- porkbarrel government. instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream mediahas been talkg about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely...
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a government decides of course tell you that you can't make a risky decision, is a government that can deny you the right to have a healthy decision. you can't have both of them. >> you support the mayor, you support his ban on donations to homeless shelters? one man who donated for 20-years was turned away because he tried to give bagels and carrot stew because you didn't know the salt and sugar content? >> at homeless shelters you support that? >> let me make this very clear about what i support or don't support. i go to are restaurant i have my own choices. i ask the waitress can you tell the chef to make sure he is not sa salting my items. i you make the choices. >> you don't want salt? i don't get salt. >> you are trying to ban it. >> i am going to limit the amount of salt that goes into your plate. i am sieving you life and the life of theme of this nation. >> thank you so much felix for saving my life. joel thank you for giving me more choices which i refer -- prefer. >> current leaders think it's their right to make us exercise and lose weight and more must be done to get healt
a government decides of course tell you that you can't make a risky decision, is a government that can deny you the right to have a healthy decision. you can't have both of them. >> you support the mayor, you support his ban on donations to homeless shelters? one man who donated for 20-years was turned away because he tried to give bagels and carrot stew because you didn't know the salt and sugar content? >> at homeless shelters you support that? >> let me make this very clear...
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john: not governments. >> nothing to do with government . and we actually agree about that. i told you. [laughter] john: un delighted. how about the other issue. i am told there are food deserts' where poor people live and we have to invite supermarkets in, give them tax breaks or maybe pay for it because they cannot get fresh food. that is why they are fat. >> ever since, you know, that original ms. -- missed came out about the food doesn't we found out that by doing research it really was not true at all. and they actually do have the supermarkets. you still have a choice, and we are right back to where we go again. i want a ground surge of citizens out there who are highly enlightened about this too can finally get on out and do something for themselves. they are the ones with the choice here, and they need to be doing that for their families as well. john: voluntary. >> nutritionists. john: thank you. coming up, our taste test. to you prefer beef steak or zebra steak? our audience will weigh in. also, are you ready to eat some swine? [applause] [ male announcer ] red lob
john: not governments. >> nothing to do with government . and we actually agree about that. i told you. [laughter] john: un delighted. how about the other issue. i am told there are food deserts' where poor people live and we have to invite supermarkets in, give them tax breaks or maybe pay for it because they cannot get fresh food. that is why they are fat. >> ever since, you know, that original ms. -- missed came out about the food doesn't we found out that by doing research it...
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government forbid the company from importing 30 drugs from some of its facilities in india, because of bad record-keeping. ranbaxy won't say where these pills are made. the fda says it can't comment on whether ranbaxy violated the rules. >> the company has real difficulties with quality control, not just in one of a or a couple of its facility, but in many facilities. >> reporter: even though this is the largest maker of generic lipitor, there are enough other manufacturers to make up for any shortages. david kerley, abc news, washington. >>> and now, we want to show a picture at the heart of a new and growing controversy in american schools. this is a padded room, a photo spreading from washington state to parents around the country. they are called isolation rooms and they're used to restrain some children, including autistic ones. abc's chief investigative correspondent brian ross brings us videotape, and we warn you, it's not always easy to watch. >> reporter: this surveillance video shows high school student andre mccollins, in the lower right of the screen, about to go through wh
government forbid the company from importing 30 drugs from some of its facilities in india, because of bad record-keeping. ranbaxy won't say where these pills are made. the fda says it can't comment on whether ranbaxy violated the rules. >> the company has real difficulties with quality control, not just in one of a or a couple of its facility, but in many facilities. >> reporter: even though this is the largest maker of generic lipitor, there are enough other manufacturers to make...
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twenty-seven regular government schools get results because they are a government monopoly of almost always do a lousy job. up against the education blob that his job of the hunt teachers' union comment janitor union, bureaucrats they're resist change that is why -- while i was excited charters schools. schools could experiment the parents would see how much better it could be and kids would benefit from the innovation. it is not happening. sometimes. but the center for education reform says the charter movement has gone wrong. what happened is an example. >> my group have put together an application to start a charter school and we have been repeatedly stonewalled 57 because of your own daughter's experience you've got together with people and said we will start a charter. >> the first application was 100 pages could. denied. >> they said there was not a need we had typographical errors in the application. john: wouldn't mcdonald's like to say that to burger king? >> yes. john: you try again. >> we fixed them and we got more people involved and we needed to show more apparent suppor
twenty-seven regular government schools get results because they are a government monopoly of almost always do a lousy job. up against the education blob that his job of the hunt teachers' union comment janitor union, bureaucrats they're resist change that is why -- while i was excited charters schools. schools could experiment the parents would see how much better it could be and kids would benefit from the innovation. it is not happening. sometimes. but the center for education reform says...
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led and something that government implements. traditional american view. you have voluntarilies and faith based organizations and pta, scouts and the church that help the communitis and be self reliant. that doesn't mean you are on your own. we as individuals reach out to our neighbors by voluntarily and help ourselves when we need help. that needs to be taught again. >> in the last seconds, in 2007, i was in the white house and president obama tried to get the comprehensive immigration bill . senator reid put the stake in that and it went away. now there is calls for comprehensive immigration. >> i am glad you bring back the history. it shows hypochrisy. senator reid and senator obama were against the immigration reform. they want to put edges . they don't want real reform and they could have already done it and right now, the house controlled by the gop, has passed now the stem act. >> which helps to bring science and technology . engineering. >> compres hencive reform. i am skeptical. >> i am skeptical and i am not sure we do
led and something that government implements. traditional american view. you have voluntarilies and faith based organizations and pta, scouts and the church that help the communitis and be self reliant. that doesn't mean you are on your own. we as individuals reach out to our neighbors by voluntarily and help ourselves when we need help. that needs to be taught again. >> in the last seconds, in 2007, i was in the white house and president obama tried to get the comprehensive immigration...
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and it's been nearly 100 years since government officials had to be present at a royal birth to ensure the baby was not an imposter. >> the duty of the wife of the future king is to provide an heir and hopefully a spare. >> reporter: but now it's time for the next generation. nick watt, abc news, los angeles. >> and we wish them well, and thank you for watching. we're always here at abcnews.com. "nightline" along later, and in this holiday season, we want to leave you with a festive postcard. this one from indianapolis, thanks to our affiliate rtv6. thank them for sending us all the sparkle of downtown indy as the city's famous circle of lights was switched on for the holidays. watch and be merry and good night, everyone. ♪ >>> there has been an arrest for the case of this autistic woman. >> aftermath of a triple weather whammy with another storm coming in. we're live at the scene of a sink hole. >> tonight how an unfinished flood control project prevented downtown disaster. how it works. >> in sacramento, new lawmakers were sworn in today, marking a dramatic shift in the legislature
and it's been nearly 100 years since government officials had to be present at a royal birth to ensure the baby was not an imposter. >> the duty of the wife of the future king is to provide an heir and hopefully a spare. >> reporter: but now it's time for the next generation. nick watt, abc news, los angeles. >> and we wish them well, and thank you for watching. we're always here at abcnews.com. "nightline" along later, and in this holiday season, we want to leave...
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how the federal government helps with each and every day. thank you for coming on the show tonight, it's great having here. >> always a pleasure. gerri: still to come, almost free holiday travel. reaching new highs this week. should the government get out of the loan business? we have a debate coming up. gerri: a ticking timebomb inside the federal budget. putting taxpayers on the hook for billions of dollars. student loans, that's what i'm talking about. escalating with delinquency rates hitting an all-time high. outstripping any other consumer debt. our student loans getting out of control? thank you for joining us. we really appreciate your time. the president is talking about higher education and how it should be an economic imperative. listen to this. >> a higher education is no longer a luxury. it is an economic imperative in the 21st century. it is part of what we need to succeed in this global economy. and i'm going to fig for every young person is willing to work hard to get an education. gerri: should everyone have a college degree
how the federal government helps with each and every day. thank you for coming on the show tonight, it's great having here. >> always a pleasure. gerri: still to come, almost free holiday travel. reaching new highs this week. should the government get out of the loan business? we have a debate coming up. gerri: a ticking timebomb inside the federal budget. putting taxpayers on the hook for billions of dollars. student loans, that's what i'm talking about. escalating with delinquency rates...
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i don't think californians are against government order paying taxes. they are just cynical the government is not being honest or responsible. we just hope and pray that they are going to do the right thing. neil: things have to be really bad when you would leave a beautiful state like that and go -o nevada. 250 degrees in the summer -- things are so bad that you believe that, leave your beautiful state to go essentially insinuate. >> thank you for having me. neil: the focus on income taxes and what's going to happen, we've been talking about that. you know, a lot of these taxes are going to soar at the stroke of midnight on january 1. ben stein says that that is the armageddon you should be hearing. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand theifference that quality time with our members can make... that's a very nice cake! ohh! [ g
i don't think californians are against government order paying taxes. they are just cynical the government is not being honest or responsible. we just hope and pray that they are going to do the right thing. neil: things have to be really bad when you would leave a beautiful state like that and go -o nevada. 250 degrees in the summer -- things are so bad that you believe that, leave your beautiful state to go essentially insinuate. >> thank you for having me. neil: the focus on income...
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treat it when it pcels it out. >> i don't think that government treats that kind. i don't think that fema is interested in reimbursing private homeowners, they are making sure that roads to that homer open, sewage lines and bridge are fixed. neil: if the private insurer say there is little we can do, read the fine print, get over it it is not fema's job to make whole or right. >> that is right, then there is guys like mr. tabacco who come with local people, community, friends, neighbors, they step up and step into the void that provide that help, this is a perfect example of americans stepping forward to help americans. neil: the are good cases of that and good cases of what you have done when tracking money, there iso shortage of big american hearts, but they never think with their head. remember the benefiting of tellathons for haiti, after the earthquake, and so many more, and more come, we just dole out the cash, how much do you think can seize the right folks? >> i would not begin to guess on that. i like the idea that you are expressing, american people in ti
treat it when it pcels it out. >> i don't think that government treats that kind. i don't think that fema is interested in reimbursing private homeowners, they are making sure that roads to that homer open, sewage lines and bridge are fixed. neil: if the private insurer say there is little we can do, read the fine print, get over it it is not fema's job to make whole or right. >> that is right, then there is guys like mr. tabacco who come with local people, community, friends,...
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i wonder whether the country is shifted to -- yeah we like government, the more the better, shut up. >> you areargely correct. the point is, weave 48 or 49% of country getting direct benefits from government, and8 or 49% paying no tes. think of the republican constituents, a lot are seniors, they depend on social security some medicare, and republicans saying we'll give you tax incrses and shave back social seccrity and shave backk medicare. to what constituency are they appealing? a couple making a hundred thousand a year, 2,000-dollars ght off th top, a huge share of theiriscretionary income, republican party will have t go back to the drawing board, and decide who and what it is, and whom it reprents. neil: i have to get -- the a backbone first. >> thank you, patrick. >> thank you. neil: taxes areo high here that companies stash cash everywhere but here, ralph nader on the money drain that is causing us a lot of pain. want to try to crack it? yeah, that'she way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and pers
i wonder whether the country is shifted to -- yeah we like government, the more the better, shut up. >> you areargely correct. the point is, weave 48 or 49% of country getting direct benefits from government, and8 or 49% paying no tes. think of the republican constituents, a lot are seniors, they depend on social security some medicare, and republicans saying we'll give you tax incrses and shave back social seccrity and shave backk medicare. to what constituency are they appealing? a...
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we need help from the government. obama said he wasn't going to leave until we're taken care of, we want to see if that happens. >> dana: that's a good point. alison, anything left to say? >> i agree, i agree. i believe there's money there to fix us and to make us whole. and not even to become whole like we were, just something near, something near and we'll do the rest, but, but to build in an area that is totally unprotected and not to do anything toward that, it's just, it's putting the cart before the horse and it's, we're going to get devastated again. >> well, we're very grateful that you took the time to be with us today and share your stories with us this afternoon. thank you so much. >> thank you. [applause] >> all right, thank you all. and if you'd like to help victims of superstorm sandy one of the ways is going to tunnel to towers.org. their home find a elp those place to live and you get to pick the specific area you want to donate to. if you're a new york resident who has trouble collecting insurance the
we need help from the government. obama said he wasn't going to leave until we're taken care of, we want to see if that happens. >> dana: that's a good point. alison, anything left to say? >> i agree, i agree. i believe there's money there to fix us and to make us whole. and not even to become whole like we were, just something near, something near and we'll do the rest, but, but to build in an area that is totally unprotected and not to do anything toward that, it's just, it's...
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government. joining us, a pulitzer prize-winning editorial cartoonist. he is a two-time pulitzer prize-winning editorial cartoonist senior editor with investors business daily. great to have you with us. be appreciated so much. i loveyour cartoons, and i would nt to adjust, if wemay, go to a few more f them to get your remarks. i want to first it your idea of what you think of the fiscal cliff. you have tough find this to be rich father. >> absolutely. i always suggest, but the best tag riders in the world work for politicians. this white hse is giving me plenty of fodder forcurtains. and it is funny to think about these events, but a very traumatic and seious. they avoid the fiscal clff. we are talking about over $607 billion worth of money taken out of the economyext year. lou: i just want to put up the next cartoon that we have. it matters not which one you select. but this is one of my favorites. the debt commission saying it is verydifficult. is very complicated and then cut spending. i don't think you could have cut better on to the essence of the
government. joining us, a pulitzer prize-winning editorial cartoonist. he is a two-time pulitzer prize-winning editorial cartoonist senior editor with investors business daily. great to have you with us. be appreciated so much. i loveyour cartoons, and i would nt to adjust, if wemay, go to a few more f them to get your remarks. i want to first it your idea of what you think of the fiscal cliff. you have tough find this to be rich father. >> absolutely. i always suggest, but the best tag...
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the government is not spending. it is just we're a larger nation, one of the largest nations in the world. so we've got to get an understanding that america is a country that is not going to go back to the 1950s. we're always going to be searching and growing to make this country better and have a balanced economy. so what do we do? we start, melissa, because over the last decade previous to president obama, we have spent like, we are running water. two wars and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too much. this plan doesn't basically reform entitlement spending. we don't get our spending, with any of these three plans. even going over the cliff we don't get the spending in order. i will give you the last word. then we go on. >> the issue with the republicans they're losing this. they're losing the argument, the debate, they're losing everything. what we need to do is, to respond to the question, what do we do now in three weeks? let's go ahead and give 98% of the a
the government is not spending. it is just we're a larger nation, one of the largest nations in the world. so we've got to get an understanding that america is a country that is not going to go back to the 1950s. we're always going to be searching and growing to make this country better and have a balanced economy. so what do we do? we start, melissa, because over the last decade previous to president obama, we have spent like, we are running water. two wars and bush tax cuts. melissa: we afree...
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dagen: get the government out of the markets. connell: the devil wears -- becoming our next ambassador to britain. dagen: holiday travelers paying up. the average ticket price topping $450. connell: everyone needs a few days off. it is the top of the hour. we will go to nicole petallides. good morning. nicole: good morning. let's take a look at what is going on here. let's take a look at jardin restaurants. it turns out they are not meeting the analyst expectations. let's take a look at the stock. it is near its lows of he day. their earnings will miss the analyst estimates. same-store sales dropping 3.2%. as a result, sales have diminished. how about the major market averages? the dow is higher, but the s&p and the nasdaq are lower. dagen: republicans finally pulling off their own plan to deal with the fiscal cliff. connell: the white house predictably saying, no deal. the parameters are there now. we can start to imagine what a deal may look like. >> i think that is right. they have been adamant in saying we want more revenue.
dagen: get the government out of the markets. connell: the devil wears -- becoming our next ambassador to britain. dagen: holiday travelers paying up. the average ticket price topping $450. connell: everyone needs a few days off. it is the top of the hour. we will go to nicole petallides. good morning. nicole: good morning. let's take a look at what is going on here. let's take a look at jardin restaurants. it turns out they are not meeting the analyst expectations. let's take a look at the...
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lot of the same reasons other americans vote, and unfortunately for republicans they vote for bigger government, and an expanded state. >> you're not reading the same polls i am. >> i see all the polls, geraldo, every one of them. >> that was the number one -- >> nothing to do with it -- >> -- stopping block for people crossing the aisle to vote republican. >> if we passed the dream act, geraldo, would you have voted for romney? >> yes, as a matter of fact i endorsed romney -- >> oh, come on. >> you asked me, i'm telling you. i endorsed romney-ripe but because of immigration i was voting for obama-biden, because of immigration. >> you are unique in that respect. most people, most latinos didn't when they tell pollsters why they vote, they i'm voting because of the economy, because of jobs. all of the same reasons that everybody else gives. immigration is down by four or five. >> i got you. here's diana. you're from columbia, how old are you. >> 15. >> how old when you came here. >> eight years old. >> would you have this child deported now? >> no. i wouldn't do anything about it. it's not my re
lot of the same reasons other americans vote, and unfortunately for republicans they vote for bigger government, and an expanded state. >> you're not reading the same polls i am. >> i see all the polls, geraldo, every one of them. >> that was the number one -- >> nothing to do with it -- >> -- stopping block for people crossing the aisle to vote republican. >> if we passed the dream act, geraldo, would you have voted for romney? >> yes, as a matter of...
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how the federal government helps with each and every day. thank you for coming on the show tonight, it's great having here. >> always a pleasure. gerri: still to come, almost free holiday travel. reaching new highs this week. should the government get out of the loan business? we have a debate coming up. that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ gerri: a ticking timebomb inside the federal budget. putting taxpayers on the hook for billions of dollars. stud
how the federal government helps with each and every day. thank you for coming on the show tonight, it's great having here. >> always a pleasure. gerri: still to come, almost free holiday travel. reaching new highs this week. should the government get out of the loan business? we have a debate coming up. that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health...
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that is the freedom approach which is the less government and there is the more government or more control, less control or more control. i don't believe that you grow with control personally. i think you have to decide whether you want control or growth in most things. that when you let things grow, then you give up control in order to watch them grow. neil: interesting. that is very interesting. stick by, reverend. we'll take a quick break here and get into how this is ultimately settled and whether this is purposeful or even religious way to go about this. a moral way to correct this mess. if that is the case, back to this notion of, what side would god or jesus or name your particular savior, what would you do to balance this out? what is the fair, decent approach to fix this mess, after this? neil: continuing now from los angeles, california, with my friend and of course media religious sensation rick warren, the pastor, the man behind one of the most successful books ever written, "the purpose driven life". proud to say, an early reader of that. 32 million copies sold. pastor, good t
that is the freedom approach which is the less government and there is the more government or more control, less control or more control. i don't believe that you grow with control personally. i think you have to decide whether you want control or growth in most things. that when you let things grow, then you give up control in order to watch them grow. neil: interesting. that is very interesting. stick by, reverend. we'll take a quick break here and get into how this is ultimately settled and...
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up to 30%, the government raises or money by having a tax of 30%. liz: you are a very large shareholder, if not the very largest, you are saving about $690,000 on your tax bill as well. that gives people a sense of how much money could possibly be saved. in 2015, will you start paying dividends again? >> i cannot decide. it is not just up to me. we will take a look at that and see what the story is. our goal is to reward shareholders. there are other ways to do that by buying shares back, increasing earnings per share, decreasing numbers of shares. we always will take care of our customers, that is what we do and that is why we are% successful. liz: thank you for coming on the show. robert shillman. i want to make a point about this. we love the product. it speeds up our lives. a fascinating window into why companies and boards are doing this. "the closing bell" ringing in 48 minutes. we are at session highs right now. you just heard doctor shillman who is increasing his dividend and speeding up the payouts. we have another fund manager with a compl
up to 30%, the government raises or money by having a tax of 30%. liz: you are a very large shareholder, if not the very largest, you are saving about $690,000 on your tax bill as well. that gives people a sense of how much money could possibly be saved. in 2015, will you start paying dividends again? >> i cannot decide. it is not just up to me. we will take a look at that and see what the story is. our goal is to reward shareholders. there are other ways to do that by buying shares back,...
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it also, i think, you know, it takes away the claim that, well, the federal government is, you know, usurping health care. the reason they stepped in is because states forfeited their option to actually do something. i also think we're going to have a very interesting set of experiments. california, colorado, maryland and other states that are going to this well are going to show the country, can you save money? can you improve outcomes? can you give people options they would like? i would look to those particular states as bellwhethers. because they are really working on developing an exchange, running it well, the case of colorado interestingly enough, it's pretty bipartisan. you have people who want to make it work on both sides of the aisle. these could shame other states to come in. i also think we should be honest. out of 2014, there may be some bumps in the road. but remember, this is for the long haul. >> yeah. >> right? >> no doubt. >> you know, out of the gate. you know, it may not be perfect. but lots of software is not perfect right out of the gate but we use it and love
it also, i think, you know, it takes away the claim that, well, the federal government is, you know, usurping health care. the reason they stepped in is because states forfeited their option to actually do something. i also think we're going to have a very interesting set of experiments. california, colorado, maryland and other states that are going to this well are going to show the country, can you save money? can you improve outcomes? can you give people options they would like? i would look...
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>> well, of course the government aproves this and runs the whole system, the federal government and essentially local governments, counties, the cities, they created airports in conjunction with the faa. the thing is what is happening around the country what i call it the if you build it they will come fallacy. remember, that moving, right, that was a fantasy, not reality. people don't seem to understand it. around the country you have airports in growing regions like dallas-ft. worth and atlanta because the regions are growing and they are busy they're investing airports. gerri: a lot of money around there. a lot of development around there. >> yeah. what happens is in other places around the country and look at this, wow, they're spending money on the airport and their region is growing. if we spend money on our airport i guess our region will grow. no. you have all the examples. gerri: do a couple of them. let's start with mid-america st. louis. >> outside, mid-america is actually in aurora, illinois. meant to be a off loader to st. louis on the one hand and chicago on the other
>> well, of course the government aproves this and runs the whole system, the federal government and essentially local governments, counties, the cities, they created airports in conjunction with the faa. the thing is what is happening around the country what i call it the if you build it they will come fallacy. remember, that moving, right, that was a fantasy, not reality. people don't seem to understand it. around the country you have airports in growing regions like dallas-ft. worth...
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and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will tell you that i did meet with my finance officer this morning. my budget director. we talked about comparing my state budget. we have to make our decisions within the next month. the state of oklahoma, it will cost to $700 million in so many things. if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state
and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will...
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that's why they're willing to shut down the government. they're not taking an oath to the constitution of the united states but an oath to grover norquist. if you do things like that you shouldn't have the right to try to continue to shut down the government and use the debt ceiling as a weapon. >> finally, congressman, there are reports the president may ask congress for $50 billion for hurricane sandy, you know, to cover costs of relief and rebuilding. do you expect that to even be held hostage as well by region sn -- republicans? >> yes, do i. >> so no agreement on fiscal cliff, no agreement on debt ceiling, no agreement on this either? >> that's because they are obstructionists. they've turned the win into a partisan political instrument. they've turned the weather into a partisan political instrument. we have a solution to thisç 37e have introduced a discharge petition. we think that we shouldn't be holding the middle class hostage. everyone agrees the first $250,000 in income should receive a tax increase. i believe it should be hi
that's why they're willing to shut down the government. they're not taking an oath to the constitution of the united states but an oath to grover norquist. if you do things like that you shouldn't have the right to try to continue to shut down the government and use the debt ceiling as a weapon. >> finally, congressman, there are reports the president may ask congress for $50 billion for hurricane sandy, you know, to cover costs of relief and rebuilding. do you expect that to even be held...
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in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of capital gains income and you get 20% more tax revenue. >> you don't, because people decide to shelter it. they do their transactions the year before, when the amount is less. and so, all of these numbers that the white house is counting on and sort of rubbing its hands together hoping to get. they're not going to get anywhere near
in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't...
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the government must be careful as you pointed out. come from a very deep bottom. recovery is very fragile, tinkering around the edges, limiting it, would that hurt the housing market? >> i don't think it would be. the upper end of the housing market, we're talking about a limit of $25,000 to $30,000 a year will not deter very wealthy buyers and investors from getting into the housing market. you know, if you got rid of the mortgage interest deduction all together, you would have a negative impact on home buying, again imposing on the middle class and imposing on people who have seen their incomes actually decline in real terms, adjusted for inflation over the past 10, 15 years, but putting a limit on the upper income ability to deduct for mcmahon shops, why not >> i want to look at what's actually on the table right now for fiscal cliff negotiations, deficit reduction. not hearing specifically about mortgage interest deduction but hearing about closing the loopholes. republicans say this is what's on the table from the white house. raising marginal tax rates on th
the government must be careful as you pointed out. come from a very deep bottom. recovery is very fragile, tinkering around the edges, limiting it, would that hurt the housing market? >> i don't think it would be. the upper end of the housing market, we're talking about a limit of $25,000 to $30,000 a year will not deter very wealthy buyers and investors from getting into the housing market. you know, if you got rid of the mortgage interest deduction all together, you would have a...
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the government said the airport is back open . the rebels say they control the main road leading to the airport and there are reports of heavy fighting. it was firmly in the control of assad but it may be weakening. there is a growing humanitarian crisis. in addition to the 40,000 people killed the un said 700,000 syrians are displaced and the number could go higher with the onset of winter, harris. >> north korea about to show off a long-range missile test. there - their goal is to put a in orbit. the u.s. said it is cover for the real goal of developing a successful long-range ballustic missile. north korea is banned by testing them by the united nations and the last one in april didn't end well for them. the new test is expected to further strain relations between north korea and washington. the state department issuing a statement saying devoting scarce resources to the development of weapons and long range missiles . it is reaching out to allies on how to respond. >> a search for bodies after a plane crashes in a dozep houses
the government said the airport is back open . the rebels say they control the main road leading to the airport and there are reports of heavy fighting. it was firmly in the control of assad but it may be weakening. there is a growing humanitarian crisis. in addition to the 40,000 people killed the un said 700,000 syrians are displaced and the number could go higher with the onset of winter, harris. >> north korea about to show off a long-range missile test. there - their goal is to put a...
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>> the government does not need any more money, the country needs less government. neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a serious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending but they' more money, and they want republicans to vote to pay for obama's welfare state, we did not vote for it. neil: you would not -- you would not support a hike in taxes in anyway shape or form? >> no but we will get more revenue if we reform our tax code and a pro-growth way, 3/10 of 1% will generate more revenue than what president obama is taxing about what he says tax the rich, his proposal does not add a drop in the buckie on the our problem. this is not a plan or a solution, this is a political trophy, to the left. and republicans should not go along with it. neil: you know,
>> the government does not need any more money, the country needs less government. neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a serious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our...
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you see when the economy collapses the government will collapse. melissa: ali, thanks so much for coming on. we appreciate your time. >> thank you. melissa: it is enough to make yelp users scream. a woman rips apart a business in a review. now the owner is suing her for $750,000. that owner is here in an exclusive interview to explain why. that is coming up next. at the end of the day it is all about money [ roasting firewood ] ♪ many hot dogs are witin you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stres ship fedex express by december 22nd for christmas delivery. melissa: so much for a penny for your thoughts. how does $750,000 sound? that is what one yelp and angie's list user is being sued for, all because she wrote a critical review. isn't that what the sites are kind of for? here in a fox business exclusive, anoth
you see when the economy collapses the government will collapse. melissa: ali, thanks so much for coming on. we appreciate your time. >> thank you. melissa: it is enough to make yelp users scream. a woman rips apart a business in a review. now the owner is suing her for $750,000. that owner is here in an exclusive interview to explain why. that is coming up next. at the end of the day it is all about money [ roasting firewood ] ♪ many hot dogs are witin you. try pepto-bismol to-go, it's...
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stuart: maybe you don't have the government do it at all. maybe. >> they're going to get this done. 38 miles. tesla goes 265 miles. that's the reason tesla stock is moving higher. here is what this really is. this is was gives me most. someone called it in the manhattan project. are you serious? the manhattan project was the war of all wars. to our be at war against right now if it's not a war against capitalism. if i am developing battery technology not only is the government my competition, but they get the right as well. this is absolutely insane. and 100 million, i'm predicting it already. a lot of money for taxpayers. in the grand scheme of things revolutionize the sort of technology is collecting billions. it's a payoff to the sky of people. stuart: to gile and then. you know you have a i'm going to call fiscal cliff fatigue. and then to address that issue. with the deal that involves raising tax rates president obama is ready over the cliff. joining as well, congresswoman martian blackwell. if given a choice would you take no deal of
stuart: maybe you don't have the government do it at all. maybe. >> they're going to get this done. 38 miles. tesla goes 265 miles. that's the reason tesla stock is moving higher. here is what this really is. this is was gives me most. someone called it in the manhattan project. are you serious? the manhattan project was the war of all wars. to our be at war against right now if it's not a war against capitalism. if i am developing battery technology not only is the government my...
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it didn't buy us any government services or lower anybody's taxes by even a dime. it is time to get rid of the debt ceiling. and don't take it from me. take it from the policy makers who have had to deal with it before. like alan greenspan, former federal reserve claireman. >> i have more fundamental question. why do we have a debt limit in the first place? we appropriate funds. we have tax law. and one reasonably adept at arithmetic can calculate what the debt change is going to be. the congress and the president have signed legislation predetermining what that number is. why do we need suspenders and belts is something i've never understood. >> now that we got them, the question is -- >> now that you've got them, the question essentially is, there is a major problem in cutting spending. and anything that works in my regard is probably helpful. the difficulty that i have is you cannot have a position which stipulates that i will never allow the united states to default. but on the other hand, i will not allow the process to go forward unless there are additional a
it didn't buy us any government services or lower anybody's taxes by even a dime. it is time to get rid of the debt ceiling. and don't take it from me. take it from the policy makers who have had to deal with it before. like alan greenspan, former federal reserve claireman. >> i have more fundamental question. why do we have a debt limit in the first place? we appropriate funds. we have tax law. and one reasonably adept at arithmetic can calculate what the debt change is going to be. the...
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now, that is a government at work. two and half cents for every penny. president obama planning to meet with governors next week as par of his effort to talk with people about avoiding the fiscal cliff. members of the national governors' association executive committee meeting at the white house next tuesd, icluding chairman teller governor as well as wisconsin governor scott walker. the president will deliver a speech to the business rodtable was a recap the president has delivered a speech at a toy factory, met with small business owners, middle-class taxpayers, labor union leaders, two groups of business executives on the cliff, but has not met with the republicans with whom he has to deal in order to cut a deal. up next, the house passes legislation to provide visas to emigrants wi advanced degrees. crieof racism from one democrat. we will take it up in the "lou dobbs forum." republicans leading the way on immigration reform. we will take that up as well. on our way to this break, here is our list of the folks the president should also consider meeti
now, that is a government at work. two and half cents for every penny. president obama planning to meet with governors next week as par of his effort to talk with people about avoiding the fiscal cliff. members of the national governors' association executive committee meeting at the white house next tuesd, icluding chairman teller governor as well as wisconsin governor scott walker. the president will deliver a speech to the business rodtable was a recap the president has delivered a speech at...
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this is one of the things that our government does. you may remember me wearing a funny outfit when we traveled to mexico while they were giving up the last of their uranium. working with our administration to safely contain and take away that material. from the beginning of this presidency, the work has been a priority for president obama. ten weeks after he was inaugurated in 2009, he traveled to prague and laid out his vision in front of 20,000 people. >> as a nuclear power as the only nuclear power to have used a nuclear weapon, the united states has a moral responsibility to act. we cannot succeed in this endeavor alone, but we can lead it. we can start it. so today i state clearly and with conviction america's commitment to seek the peace and security of a world without nuclear weapons. [ applause ] i'm not naive. this it goal will not be reached quickly. perhaps not in my lifetime. it will take patience and persistence. but now we, too, must ignore the voices who tell us that the world cannot change. we have to insist, yes we ca
this is one of the things that our government does. you may remember me wearing a funny outfit when we traveled to mexico while they were giving up the last of their uranium. working with our administration to safely contain and take away that material. from the beginning of this presidency, the work has been a priority for president obama. ten weeks after he was inaugurated in 2009, he traveled to prague and laid out his vision in front of 20,000 people. >> as a nuclear power as the only...
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remember private bradley manning and all of those government secrets that ended up on the internet? now what his defense team wants you to know. stay close. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. well, with the walmart credit card special financing offer, you can get the sony blu-ray home theater system with wi-fi and the high zoom cyber-shot camera with full hd. look at you, spreading some christmas joy! my cart's kinda full. mind holding the? sure. you know what, muscle man, me and you together, we can knock this christmas thing out. this way, sweetie. [ male announcer ] get the season's hottest brands like the sony b
remember private bradley manning and all of those government secrets that ended up on the internet? now what his defense team wants you to know. stay close. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to...
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make sure people in washington understand is if all that is done is a cost shifting from the federal government to the state, it doesn't accomplish much because states are not in a position to pick up the extra costs. >> speaking as governor of the stage we execute. we have to get things done. unfortunately congress doesn't. they can throw rocks at each other and leave it for another day and kick the can down the road. governors have to get things done today. we would hope congress will watch the governor's listen to the states. i think we can help him find compromise. liz: governor mark l. will be on neil cavuto tonight at 8:00 p.m. eastern. you cannot miss that interview. see what he has to say about today's trip to the white house. he does amazing interviews with these governors. you got to hear what he has to say. the fear of falling over the cliff real if you with a look at the chart of the fear index, you might not think so at all. it is incredibly low but market players and insiders are already making trades in advance of something aaron next guest says is about to get to the mix. let's
make sure people in washington understand is if all that is done is a cost shifting from the federal government to the state, it doesn't accomplish much because states are not in a position to pick up the extra costs. >> speaking as governor of the stage we execute. we have to get things done. unfortunately congress doesn't. they can throw rocks at each other and leave it for another day and kick the can down the road. governors have to get things done today. we would hope congress will...
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Nov 29, 2012
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the government cannot defy human nature. people will do what is rational in order to preserve their assets. don't want to get into taxation is theft argument but at some point it gets so high that it is like that and that another point it is so uncertain, no one knows to saying at the end of november what the tax rate will be on january 15th, large corporations and even individuals need a plan. stuart: let me raise this one. in november of this year in california they voted for higher tax rates, put up the income tax rate in california, made it retroactive to jan. first. that is a way of not allowing people to adjust their economic behavior to take account of higher tax rates. make it retroactive. judge napolitano: you probably remember this, the first year of clinton's presidency a tie vote resolved by vice president gore to break a tie to raise income taxes retroactively. all kinds of lawsuits filed. can't do that retroactively. can't change criminal law retroactively but you can impose taxes. now the state of picking up o
the government cannot defy human nature. people will do what is rational in order to preserve their assets. don't want to get into taxation is theft argument but at some point it gets so high that it is like that and that another point it is so uncertain, no one knows to saying at the end of november what the tax rate will be on january 15th, large corporations and even individuals need a plan. stuart: let me raise this one. in november of this year in california they voted for higher tax...
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this is the government we're talking about. so it is cumbersome, it is expensive in the form of both taxes and royalty regime. in the case of a situation like argentina which nationalized its gas companies, you have the issue of attracting outside investors at this point. melissa: well, i don't understand. if the government owns the mineral rights why don't they want to develop it? it would be revenue for them and every government needs money to spend? >> well, indeed. now when you have a case like the united states, it's a matter where your ideology runs down to. the state of north dark has tremendous resources taking advantage of it has 3.1% of it. california which take as opposite view on taking molecules and oil out of the ground has 10% unemployment. so we are on the cusp here of a manufacturing renaissance in certain parlths of the country. the problem -- parts of country. the government is dictating to the market what can be brought to the market. for example, france, belgium, outlawed fracking. melissa: wow. >> in years
this is the government we're talking about. so it is cumbersome, it is expensive in the form of both taxes and royalty regime. in the case of a situation like argentina which nationalized its gas companies, you have the issue of attracting outside investors at this point. melissa: well, i don't understand. if the government owns the mineral rights why don't they want to develop it? it would be revenue for them and every government needs money to spend? >> well, indeed. now when you have a...
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he wanted the money to go to his government. and why? he will use the cash to get more influence over military in egypt, over civil society. there is nothing guaranteed as long as the muslim brotherhood have this agenda we know all about that he will continue with this policy. the best guaranty would have the constitution to bind those extremes and on the other hand a consensus in egypt. we don't have a consensus. half or more is rising against morsi. the more democratic side of the society seems to be against more sis. -- moresy. melissa: what is your best policy here? >> morsi, if you want money you have to sit down with us and your opposition. this is a way to corner him. let's have a triangular. liberal civil society, women, what have you. and morsi and allies on the other hand. we would like as a congress first and administration listen to your debate. who will give us better in terms of american-egyptian alliances and democracy and freedom in the region. melissa: walid, thank you so much. >> thank you for having me. melissa: up nex
he wanted the money to go to his government. and why? he will use the cash to get more influence over military in egypt, over civil society. there is nothing guaranteed as long as the muslim brotherhood have this agenda we know all about that he will continue with this policy. the best guaranty would have the constitution to bind those extremes and on the other hand a consensus in egypt. we don't have a consensus. half or more is rising against morsi. the more democratic side of the society...
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we are looking at what may be a federal government disaster. guess what, the governments are in no better shape. that's tonight's "chalk talk." triple digit gains on wall street today. the dow jones industrial rally after the speaker of the house speaks. will a drawn-out fiscal clip negotiation chan in the streets direction? wall street veteran and bedford of adviser ceo joins us next. before copd... took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or h
we are looking at what may be a federal government disaster. guess what, the governments are in no better shape. that's tonight's "chalk talk." triple digit gains on wall street today. the dow jones industrial rally after the speaker of the house speaks. will a drawn-out fiscal clip negotiation chan in the streets direction? wall street veteran and bedford of adviser ceo joins us next. before copd... took my son fishing every year. we had a great spot, not easy to find, but worth it....
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. >> what does the federal government do? >> the federal government considered pot the same as lsd and heroin. >> same classification of drug. >> heroin. i didn't even know heroin still existed. apparently it still does. and pot does, too. the difference is you can grow heroin in your backyard. you can grow it -- >> grow marijuana you mean. >> i'm sorry, grow marijuana in your backyard. >> i don't know that much about heroin but i don't think that's how it works. >> he wants to grow marijuana. okay. >> let me be clear, i didn't make that mistake because i have been smoking anything, i have not, no. it's farcical. this is a generation al issue and the obama administration is going to have to gibe at some point on its theory of law. i think a couple days the u.s. attorney in washington said the federal law trumps what you guys are going. people are going to say no, enough. and the obama administration just started ramping up prosecutions of this. this is unusual for me. >> yeah. do you agree, goldie? >> i do, except heroin is m
. >> what does the federal government do? >> the federal government considered pot the same as lsd and heroin. >> same classification of drug. >> heroin. i didn't even know heroin still existed. apparently it still does. and pot does, too. the difference is you can grow heroin in your backyard. you can grow it -- >> grow marijuana you mean. >> i'm sorry, grow marijuana in your backyard. >> i don't know that much about heroin but i don't think that's how...